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EURCAD trade ideas

Trade Idea: EURCAD SellTrade Idea: EURCAD Sell Higher Timeframe Context (HTF): Identify a premium supply zone or an imbalance (FVG) on the 4H or daily timeframe where price is likely to reverse. Confirm this zone aligns with a significant resistance area or HTF order block (OB). Price Action Confirmation: On the lower timeframe (1H or 15M), wait for price to enter the HTF premium zone. Look for bearish market structure shifts (MSS) such as: Break of a short-term low. Formation of swing highs (liquidity above). Verify liquidity grab (e.g., price takes out a key high before reversing). Entry Criteria: Refine your entry around a mitigation zone like a smaller OB or FVG inside the HTF premium array. Place the stop-loss above the liquidity grab or HTF premium zone. Targeting Liquidity: Set your first target at an obvious equal low or liquidity pool on the HTF. Extend the final target to an unmitigated demand zone or imbalance below the initial target. Risk Management: Use a low-risk entry (e.g., 1-2% of account balance). Ensure at least a 1:3 risk-to-reward ratio before executing the trade.
Short
by Asif_Brain_Waves
EURCAD Will Go Higher! Buy! Please, check our technical outlook for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.476. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Bearish reversal off 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.48821 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.49410 Why we like it: There is a pullback resistance level. Take profit: 1.47454 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets